Becker Says He Wasn’t Asking NCUA to Conceal Any CU Violations

NAFCU President/CEO Fred Becker wrote NCUA Chairman Debbie Matz on Friday that his association never asked the agency to conceal violations of federal laws and regulations and credit unions.

He wrote that Matz’s comment that he had asked the agency to conceal information is “very unfortunate and erroneous.’’

Becker was responding to a letter he received Thursday from Matz in which she turned down a request that Becker made earlier this year that when corresponding with credit union members the agency’s Office of Consumer Protection not “address any specific regulatory violations, if the office found that any occurred.’’

Becker said in the letter he sent Matz on Friday, as he has done before, that the Office of Consumer Protection should facilitate the resolution of disputes, not resolve them itself.

In Thursday’s letter to Becker, Matz wrote that if her agency were to “conceal,’ any violations of federal laws or regulations it would “bring into question the agency’s independence and integrity.’’

In Friday’s letter, Becker requested a meeting with Matz to discuss the issue.